A budget refers to something needed to ensure that spending does not exceed income. Thus, the correct is D.
What is a Budget?
A budget is the planning and allocation of funds utilized for future purposes. This will help to control the expenses to the limit to avoid any wastage. This can be beneficial for individuals, organizations, and nations.
It helps to define the limits to make sure that the expenses do not exceed income. This will introduce the habit of saving with minimum wastage and provide stability in financial position. This will help to achieve the personal goals by evaluating the spending caused.
Therefore, the correct option is D that which the budget ensures spending does not exceed income.
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